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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Clarinda at 622 N 20th St, Clarinda, IA, 51632 offers a 11.72% rental yield on a $110,000 purchase with $1,074/mo rent. Total monthly income registers $1,074/mo, and a $538/mo payment leaves $359/mo available for distribution. Annual cash flow reaches $4,310/yr on $36,465 to close, and return on cash invested stands at 31.73% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 166.74% and total cumulative return in cash at $60,804. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,074/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 51632, Clarinda, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,934 (100%) |
| Owner Occupied HU | 1,800 (61.3%) |
| Renter Occupied HU | 775 (26.4%) |
| Vacant Housing Units | 359 (12.2%) |
| Median Home Value | $146,361 |
| Average Home Value | $195,581 |
Residential
2,605
Single Family
2,462
Multi-Family
143
Businesses
251
Date | Event | Price |
|---|---|---|
| 2024-08-21 | Price change | $110,000 |
| 2024-05-30 | Price change | $124,000 |
| 2024-04-23 | Price change | $129,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $1682.00 | 204.71% | $92,090 | 11.99% |
| 2022-10-14 | $552.00 | -56.94% | $82,230 | 27.96% |
| 2021-10-14 | $1282.00 | 1.58% | $64,260 | 7.53% |
Listed by: Mike Manuel • Manuel Realty
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6316631
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
